Our website use cookies to improve and personalize your experience and to display advertisements (if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, and Youtube. By using the website, you consent to the use of cookies.

South Africa’s ANC alludes to greater central bank jobs focus

South Africa’s ANC alludes to greater central bank jobs focus

KOPANO GUMBI SOUTH Africa's African National Congress (ANC) alluded to a greater focus on job creation by the country's central bank in resolutions from its recent national conference but stopped short of calling for its mandate to be changed. ANC officials have for years toyed with the idea of broadening the central bank's mandate as the governing party has struggled to lower the unemployment rate, which officially stands at 33% and is among the world's highest. The resolutions on economic transformation seen by Reuters on Friday said the South African Reserve Bank (SARB) should implement the monetary policy "in a balanced…
Read More
Burkina Faso national conference approves 3-year military-led transition

Burkina Faso national conference approves 3-year military-led transition

THIAM NDIAGA A national conference in Burkina Faso has authorised the ruling junta to hold power for three years, potentially setting the West African country on a collision course with international partners who have urged a speedy return to constitutional order. The junta seized power in a January coup against President Roch Kabore, blaming him for failing to contain surging violence by Islamist militants. The putsch was led by Lieutenant-Colonel Paul-Henri Damiba, who is now interim president. The charter was approved by the conference and signed by Damiba in the early hours of Tuesday after a day-long debate in the…
Read More